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50 feet shouldn't slow anything down - CAT5 is good to over 300 feet. Your cable may not be made properly, proper twisting and termination is somewhat critical. You can also get interference from anything electrical it may be running near.
A "N" router will only give you 55 mbps download wireless with "N" adapters. "G" tops out at a theoretical 54, and I've never seen over 35 even when the adapter is 3 feet away from the router.
I won't touch refurbs.
I would probably get a RT-N16. It has Gigabit ports and N-300. Even basic N adapters will get up to 150 theoretical. Wired devices with Gigabit ports will benefit.
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